Congress had been working to include new reforms to transform the previously existing federal firefighter’s compensation as included in the bipartisan infrastructure law. These reforms include increasing the overall pay of firefighters, especially in locations with low job recruitment and retainment. The idea is to increase their income by […]
Many people have asked me about my approach to retirement. How should one strike a perfect balance between the yearly cost-of-living adjustments to retirement benefits and the increase in employee income? Even though the answer to this concern is not as easy as it may sound, the aim is […]
The global recession has pushed gas prices to new, unforeseen heights. Federal Employees’ Union is trying to tackle raising prices by urging the Internal Revenue Service to issue a new update on gas reimbursement amount. Midyear updates are rare, but it is the need of the hour for federal […]
Remote work became a new norm during the pandemic phase. In an attempt to minimize the effects of the pandemic, most of Covid’s response strategies involved shifting many workers to remote teams. Similarly, 60% of federal workers shifted to telework to maximize flexibility.
Fast forward to the post-pandemic era, institutions […]
Cost of living adjustment – or Cola, for short – is a simple idea for federal retirees. But, depending on which system you’re in, you’ll find many aspects of the adjustment different from other federal employees. These differences could be related to how soon you get the adjustment and, […]
Covid-19 is no laughing matter. The pandemic which halted the world was also the cause of suffering for millions of people. It’s why there’s no margin given to any individual for making light of the situation.
Based on the reasons above, it’s not a surprise that army officials took such […]
Missing out on possible gains from the stock market due to no fault of your own is frustrating. A group of FBI employees determined that the potential profits they could have made if TSP contributions hadn’t been delayed were enough to make them entitled to damaged.
The group of anonymous […]
Amid thousands of individuals struggling to make new changes or access their accounts, the federal government’s retirement savings program officials have opted to add new transitional updates. These updates are mostly related to introducing a new recordkeeping service.
Thrift Savings Plan’s website shows all the changes and updates implemented. The […]
The government’s 401(k)-style retirement savings programme, which is currently being debated in Congress, would allow federal employees to save for retirement for a longer time.
The SECURE 2.0 Act, was proposed by Rep. Richard Neal, D-Massachusetts, and passed the House overwhelmingly last month. The bill, which the Senate is currently […]
After 2021 and the beginning of 2022, the Office of Personnel Management received its regular influx of retirement applications. OPM received 35,549 new retirement benefit claims in the first three months of this year. OPM’s Retirement Operations Center had 36,349 outstanding claims in its inventory at the end of […]
